As the cash-flow for MSMEs dries up, and in the absence of any fiscal support, many will be forced to cut jobs to curb costs.
Category: MSME-Startup
1.6 billion informal workers in danger of losing their jobs: International Labour Organization – The Economic Times
Total working hours in the second quarter are expected to be 10.5% lower, equivalent to 305 million full-time jobs, than the last pre-crisis quarter, the
India maps out post-Covid export plan to take on China – The Economic Times
Medical textiles, electronics, plastics are some sectors whose exports can be promoted in coming months. India will look at areas where it has capability but
Announce the stimulus, now – analysis – Hindustan Times
It must be geared towards all businesses, not just one segment. There are indications that the government is working on a stimulus. Besides the fact
7 crore traders exhort FM Sitharaman for Covid relief package; says domestic trade may collapse – The Financial Express
Ease of Doing Business for MSMEs: Traders’ body CAIT had recently announced a tie-up with the DPIIT to launch an e-commerce portal to facilitate the
It’s unfair to expect private businesses to foot the social security bill for lockdown – The Hindu BusinessLine
It is high time the Central and State governments stopped passing the buck and announced a concrete package for workers and businesses debilitated by the
Beating the pandemic of recession | Business Standard Column
Money should not be a consideration in protecting jobs, people and industry as the economy nosedives The Covid-19 pandemic is growing rapidly and multiplying human
Some sectors may take long to recover even post lockdown: Rating agencies – The Financial Express
Permanent demand loss is more likely in sectors such as retail trade, education, air, rail, road& water transport, logistics, real estate, entertainment, hotels & restaurants
India ties up with Brics partners to protect MSMEs – The Financial Express
A virtual meeting of Brics health officials is envisaged on Covid-19 pandemic on May 7, 2020 to take the discussion forward in a focused and
Covid crisis also an opportunity: Small isn’t beautiful for Indian workers. Grow the ‘Medium’ sector of MSMEs–Times of India
The good news in our fight against Covid-19 is that we are in a position to restore near normalcy to three-fourths of the districts. These
An act of prudence, not loan forgiveness–Economic Times
A needless controversy has erupted over RBI revealing that banks have written off bad loans worth Rs 68,607 crore in its response to Right-to-Information (RTI)
Locked-out auto companies risk losing billions in exports – The Economic Times
The industry is urging the government to allow production across the entire supply chain at different hubs. Without this, the export orders can’t be honoured,
MSME sector: We’ll work out a formula to prop up MSME sector: Shivaram Hebbar, state labour minister – The Economic Times
The government is aware the MSME sector is in difficulty, and if the central and state governments don’t lend a helping hand, it is going
MSMEs: Trade unions fear job losses, sound out state government to save small firms – The Economic Times
There are about 600,000 garment workers in the city. Job losses or wage cuts will impact the economy as the working class is already anxious
Urjit Patel writes: Monetary actions by the RBI have left the MPC’s decision on the policy rate partly redundant
This requires making the institution of MPC more enduring, not bypassing it. Decision on monetary policy actions based on voting by committee members, provision of
Govt likely to pledge Rs 3-trn in loans to MSMEs amid Covid-19 outbreak | Business Standard News
Small firms will be eligible to borrow an additional 20 per cent of their credit limit. The extra debt will be fully backed by the
GST, GAAR reporting delayed till March 2021 amid coronavirus outbreak | Business Standard News
The I-T Dept had, in 2018, changed the tax audit form 3CD, seeking details under GST as well as GAAR, which seeks to prevent firms
Slight ease in lockdown gives hope to the desperate, improves employment | Business Standard Column
The count of the unemployed who were actively looking for jobs during the week of April 26 was around 76 mn. In the earlier weeks,
In a sea of red ink | Business Standard Column
A lot of uncertainties remain on how, when, and at what total economic and social cost, this pandemic will be tamed There is an expanding
Lift the lockdown | Business Standard Editorials
An extension will only increase the human cost In his meeting with chief ministers on Monday, Prime Minister Narendra Modi rightly pointed out that importance
